Property
905 Silver Spring Avenue
Location
Silver Spring, MD
Size
394 Units
Status
Currently Marketing
Type
Sale

905 Silver Spring Avenue

905 Silver Spring Avenue presents the opportunity to acquire and develop a Site Plan-Approved multifamily development site located in an Opportunity Zone in the heart of Downtown Silver Spring just a 5-minute walk from Metro and three blocks from Whole Foods Market.

The project has received Preliminary and Site Plan approval for up to 318,131 square feet and 394 units of multifamily residential development. The currently approved design proposes an 11-story building with one or two levels of below grade parking. The site can be pursued under the currently approved design for immediate execution or undergo a minor Site Plan amendment to allow for wood-frame construction provided maximum density is not exceeded.

Located along Silver Spring Avenue between Fenton Street and Georgia Avenue, 905 Silver Spring Ave. boasts a Walk Score of 97 and sits just five-minute walk from the Silver Spring Red Line Metro Station and under two blocks from the planned Silver Spring Library Purple Line Metro Station.

905 Silver Spring Avenue presents the rare opportunity to acquire a Site Plan approved development site and deliver new high end multifamily rental product into a well-located, close-in, walkable, transit-oriented sub-market marked by strong employment, notable recent rent growth, and an established retail and amenity base.